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SSH Group Ltd. ( (AU:SSH) ) has shared an update.
SSH Group Ltd has signed a non-binding term sheet to acquire Total Contract Mining (TCM), a move that aligns with its strategy to enhance its mining services and solidify its standing in the Australian resources sector. The acquisition will integrate experienced mining professionals into SSH, with a focus on achieving strategic growth through a performance-based consideration structure involving cash and equity. This transaction is expected to bolster SSH’s capabilities in both underground and surface mining, offering a comprehensive suite of services.
More about SSH Group Ltd.
SSH Group Ltd operates within the mining services industry, focusing on providing integrated solutions that encompass people, equipment, and execution. The company aims to strengthen its position in the Australian resources sector by expanding its mining services capabilities.
YTD Price Performance: 25.00%
Average Trading Volume: 66,144
Technical Sentiment Signal: Sell
Current Market Cap: A$6.59M
Find detailed analytics on SSH stock on TipRanks’ Stock Analysis page.